PM Modi announces Rs 100 lakh cr infrastructure development scheme 'Gatishakti'

"India needs a holistic and integrated approach in infrastructure construction along with modern infrastructure. In the near future, India is going to come out with the Pradhan Mantri Gatishakti National Plan and launch it," he said in his address to the nation from the ramparts of the Red Fort on India's 75th Independence Day.

The prime minister said the global profile of local manufacturers will get a boost and improve their competence against their counterparts worldwide. It also increases possibilities of new future economic zones.

The scheme has been conceived as the foundation of the overall infrastructure in the country and set India on an integrated and holistic path to the economy.

"This will reduce travel time and productivity of industry will increase even more," he said.

PM Modi stressed on manufacturing world-class products, using cutting-edge innovation and new age technology during his 90 minute speech.

He said every product sold globally from India is attached to India and is a "brand ambassador for India".

In order to further India's progress, focus on the manufacturing sector and exports is the most significant, he said.

"We have to work together...for next generation infrastructure, for world class manufacturing, for cutting edge innovation, and we have to work together for new age technology," he said.